Fine Sounds SpA of Milan, Italy, owner of Sonus Faber
, Audio Research Corporation
, Wadia Digital
and Sumiko, has acquired 100% of McIntosh Laboratory. Fine Sounds is owned by Quadrivio, an Investment Management Company also based in Milan, Italy. The acquisition of McIntosh, a Binghamton, NY based company which had been previously owned by D+M Group, represents a marquee investment for the group.Additional Resources
• Read more industry trade news
• See a review of the McIntosh C500 preamplifier
Fine Sounds and McIntosh believe the acquisition will deliver important benefits to McIntosh's customers, sales partners and employees by providing opportunities for building on Fine Sounds Group's product development capabilities, distribution synergies, and financial resources.
"We are very excited to be joining hands with a partner that has a deep appreciation for our unique brand, history and company culture," says Charles Randall, current President and CEO of McIntosh, who will continue managing the McIntosh brand with the full support of Mauro Grange and the Fine Sounds' team. "It's their appreciation of our legacy, as well as their strong leadership, distribution advantage and marketing expertise that gives us confidence in a bright future."
The acquisition of McIntosh is an important one for Fine Sounds. "McIntosh will help strategically strengthen our brand portfolio, allowing us to have a broader product offering, covering more categories, offering customers a complete solution. It does not compete with any of the other brands we hold - it is positioned quite differently - and offers opportunities for great synergies which we can leverage," added Grange.